FG Lauded for Attracting $14bn Investment to Boost Economic Growth

Hammed Shittu in Ilorin

The Basic Metal, Iron and Steel Products Manufacturers Association of Nigeria has lauded the commitment of the federal government to attract the sum of $14 billion investment to boost the nation’s economy.

The association said that, the gesture would go a long way of accelerating economic recovery and business growth in the steel sector.

A statement issued in Ilorin on Monday by the the chairman of the group, Alhaji Kamoru Yusuf said that, the development has also showed the zeal of President Bola Ahmed Tinubu to move the economic growth of the country into a greater height.

The association commended President Tinubu for his overwhelming performances and efforts towards the nation’s economic growth at the just concluded Nigeria-India economic roundtable meeting in India.

The chairman added that, the feats recorded by the Bola Tinubu-led government within 100 days of its inauguration will no doubt accelerate economic recovery and business growth in the steel sector.

He stressed that, “Iron and Steel sector, if given the required attention and necessary support is capable of ensuring accelerated growth of the nation’s economy.”

Yusuf, who is also the Group Managing Director of KAM Holding Limited, Ilọrin noted that, “President Tinubu has by all standards demonstrated his love and readiness to support industrialists.

“We, in the Iron and Steel sector of the Manufacturers Association of Nigeria, (MAN) are ready to support his administration with data, workable templates and roadmaps that will support Mr. President in his endeavour to succeed in his mandates to Nigerian citizens. As major stakeholders in Nigeria’s Project, we received this news with huge excitement, ”he said.